Tuesday, July 14, 2020
The U.S. budget deficit widened to a record-high $864 billion last month because of the federal government's extraordinary response to the coronavirus pandemic, the Treasury Department said on Monday. Federal spending rose to more than $1.1 trillion in June, more than twice what the U.S. government spends in a typical month. Before the pandemic, the previous biggest one-month deficit in the United States was $234 billion.
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